UK - Lion Capital to scrap Wagamama float
Lion Capital is understood to have scrapped its plans to float noodle bar Wagamama in favour of a sale of the business. Lion Capital has received written confirmation from a number of interested parties offering to pay more than the IPO's £225m target valuation from which investors are believed to be shying away. This news could have implications for Phoenix Equity Partners' planned £100m listing of its portfolio restaurant chain Gaucho.
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Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater